Thread regarding Fiserv Inc. layoffs

Layoffs are coming

Just heard that Layoffs are in process for end of the month. The 2nd quarter numbers not looking strong so cut everything to the bone to make a 3rd quarter rebound. Stock forecast at $75 after earnings report.

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Post ID: @OP+1hdZIacP

15 replies (most recent on top)

Nothing would surprise me…interesting…hasn’t stopped exe mgmt holding expensive meetings in NY…must have saved a ton during Covid…high dollar travel back on

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Post ID: @4wjw+1hdZIacP

We are being forced to layoff high performing associates and keep weak links simply because they have their a-s in a seat in Berkeley

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Post ID: @2fqm+1hdZIacP

I believe all business units are being impacted this round, across the board 5% reduction. The only safety is probably anyone at the new armpit office, don't want to risk the tax credits.

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Post ID: @1cdj+1hdZIacP

All but def bank

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Post ID: @1drb+1hdZIacP

Ohio really dropped the ball on this one.

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Post ID: @1pmq+1hdZIacP

What BU will be affected?

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Post ID: @1smk+1hdZIacP

How do you fix a $hitshow that Ohio and Berkeley created?

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Post ID: @1fsr+1hdZIacP

layoffs are scheduled I know people in that group they have gotten notice letters more scheduled for I think Sept , I know of people that got notices for that as well

if you on on the deconverted notices , youi would see them, more clients are leaving becuase of the poor business management practices used

I really feel sorry for these client that just came on board they have no idea of what they are getting in to

for example call metrics for one group arent even based on a call center metrics , but warehouse production metrics,

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Post ID: @1mjg+1hdZIacP

$89.62 as of right now, so that rocket ain't taking off anytime soon.

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Post ID: @1dnk+1hdZIacP

We're waiting...for the stock to rocket into outer space...we're waiting for the Berkeley office to open....

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Post ID: @1ivm+1hdZIacP

Luckily Ohio has arrived. The stock will take off any time now...

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Post ID: @1lpv+1hdZIacP

Maybe sales numbers would be better if Fiserv leadership had not push so many associates out the door because guess what? The customers have noticed and they want out too.

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Post ID: @1fvp+1hdZIacP

1vvm+1hdZIacP

Damn you beat me.

Hey, Ohio + Berkeley aka,stock is a rocket ship, aka 44000 happy people and 200 malcontents,aka best fintech on the planet: your moving van speed up a few weeks ago. Chop, chop on fixing things!!!!!

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Post ID: @1dpc+1hdZIacP

Ohio will fix it.

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Post ID: @1vvm+1hdZIacP

Stocks are in the cr--per anyway across the board. Fiserv will of course respond the only way they know how, so I can't dispute what you wrote - just adding context to the why, not the how.

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Post ID: @wzh+1hdZIacP

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